The Net Figure for Accounts Receivable After Deducting the Allowance

question 49

Multiple Choice

The net figure for accounts receivable after deducting the allowance for doubtful debts account:

• A) represents the expected cash to be collected.
• B) is a contra account.
• C) understates the realisable value of accounts receivable.
• D) overstates the realisable value of accounts receivable.

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Definitions:

Id

In psychoanalysis, the part of the mind responsible for basic instincts and drives.

Sexual Drive

Sexual drive, or libido, is an individual's overall sexual desire or desire for sexual activity.

Human Activity

Any action or task performed by humans, which can include work, leisure, and daily living activities.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue.